PT-USD3-17DEC2026 / USDC on Ethereum
A Morpho market on Ethereum where people borrow USDC against PT-USD3-17DEC2026. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 5.94% a year and borrowers pay 6.75% right now.
Data from Morpho's API · updated
Borrow APY
6.75%
30-day average 7.09%
Supply APY
5.94%
30-day average 6.26%
Supplied
$19.86M
19.86M USDC
Borrowed
$17.54M
88.3% utilization
Available to borrow
$2.32M
free liquidity right now
Collateral posted
$23.51M
24.22M PT-USD3-17DEC2026
PT-USD3-17DEC2026 / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
PT-USD3-17DEC2026 / USDC interest rate curve
What borrowers would pay at each utilization level, with today's settings
Borrow APY Supply APY
At the 90% target, borrowers pay 6.85% right now. Below it the rate falls to as little as a quarter of that; above it, it climbs to four times that when the market is fully borrowed. The curve itself also moves: while utilization stays above 90% the whole curve drifts up, and below 90% it drifts down. How Morpho interest rates work.
Liquidation map
How much PT-USD3-17DEC2026 collateral could be liquidated if its price fell by each amount
Based on today's loans and today's PT-USD3-17DEC2026 price in USDC. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 86%fixed for the life of the market |
|---|---|
| Liquidation bonus | 4.38%extra collateral a liquidator receives |
| PT-USD3-17DEC2026 price in USDC | 0.971 USDC |
| Oracle | ChainlinkOracleV20xe5E6…8d72 |
| Price feeds | 0xDb87…eF8d |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9999 |
|---|---|
| Collateral | PT-USD3-17DEC2026price $0.9706 |
| Borrowers | 210 |
| Created | June 4, 2026 |
| Market ID | 0xf8c5aa31…ecba89 |
| Rate model | 0x870a…00BC |
| PT-USD3-17DEC2026 token | 0x7f47…Eb4D |
| USDC token | 0xA0b8…eB48 |
Vaults lending here
$17.38M of the $19.86M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| 3Jane Ecosystem VaultV2lends directly | $11.82M |
| Yearn OG USDClends directly | $2.50M |
| Yearn OG USDCV2lends directly | $1.69M |
| Keyrock USDCV2lends directly | $1.20M |
| KPK USDC Yield RWAV2lends directly | $175K |
Largest borrowers
210 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x6b28…bE5b | $6.13M | 1.05 |
| 0x7A27…e9Bc | $888K | 1.02 |
| 0xCaB9…8c74 | $815K | 1.28 |
| 0xC22e…9A82 | $407K | 1.07 |
| 0x373E…aC6c | $401K | 1.03 |
| 0xa95d…12c4 | $372K | 1.13 |
| 0x448f…fa61 | $342K | 1.08 |
| 0x88A6…3Cc3 | $340K | 1.07 |
| 0xf9d3…173E | $310K | 1.02 |
| 0x0cA6…97Fd | $309K | 1.04 |
Health is collateral value times the LLTV, divided by the debt. Below 1.00 a loan can be liquidated.
Recent liquidations here
None recorded in the last 90 days
About the PT-USD3-17DEC2026 / USDC market
The PT-USD3-17DEC2026 / USDC market on Ethereum was created on June 4, 2026. Anyone can lend USDC into it, and anyone holding PT-USD3-17DEC2026 can borrow that USDC against it, up to a loan-to-value of 86% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $19.86M is supplied and $17.54M borrowed, so 88.3% of the market is in use, backed by $23.51M of PT-USD3-17DEC2026 from 210 borrowers. Borrowers pay 6.75% a year, 7.09% on average over the last 30 days. Lenders earn 5.94%.
5 listed vaults lend here, providing $17.38M of the supply; the largest are 3Jane Ecosystem Vault, Yearn OG USDC and Yearn OG USDC. Liquidators who close an unsafe loan here receive a 4.38% bonus in PT-USD3-17DEC2026. If PT-USD3-17DEC2026 fell 20% against USDC, about $20.17M of collateral would be at risk of liquidation.
PT-USD3-17DEC2026 / USDC on Ethereum: quick answers
What is the USDC borrow rate against PT-USD3-17DEC2026 on Morpho Ethereum?
In this market it is 6.75% a year right now, and it averaged 7.09% over the last 30 days. The rate is variable: it follows how much of the market's USDC is borrowed, rising quickly above 90%.
When is a PT-USD3-17DEC2026 / USDC loan liquidated?
When the loan reaches 86% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes PT-USD3-17DEC2026 worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if PT-USD3-17DEC2026 fell to about 0.564 USDC.
How much USDC can be borrowed here right now?
$2.32M is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the PT-USD3-17DEC2026 / USDC market?
Lenders earn 5.94% a year right now (6.26% averaged over 30 days). Most lend through vaults, such as 3Jane Ecosystem Vault, Yearn OG USDC and Yearn OG USDC, which spread deposits across several markets.